A B D E F G H K L M 11 12 13 Jan 1 15 Jan 8 16 Jan 10 10 Exercise 3: The following transactions appeared for Some Company, Inc. Identify which special journal each transaction should be recorded (use S for Sales journal, P for Purchases journal, CR for Cash Receipts journal, CD for Cash Disbursements, and G for General journal). Some Company issued $50,000 in stock to investors. 14 Jan 5 Purchase a equipment by paying $15,000 cash. Purchased $2,000 in inventory from Bottle Inc. terms 1/10, N30 Sold $2,000 of inventory to ABC Company for $4,000 terms 2/10.N30. 17 Jan 15 Made a partial payment to Bottle Inc. for $1,500. 18 Jan 16 Purchased $1,000 of inventory for cash. Sold $1,000 of inventory to JKL Company for $2,000 terms 2/10, N30. 20 Jan 20 Received full payment for Jan 10 sale to ABC less the discount. 21 Jan 21 JKL Company returned $200 of merchandise for a credit of $400. 22 Jan 25 Purchased $500 of supplies on credit. 24 Exercise 4: Using the transactions from Exercise 3, complete the following: 1 Create an accounts receivable ledger account and customer ledger for ABC Company and JKL Company. 2 Post the appropriate entries to the accounts receivable control ledger (use the individual transactions) and the customer ledgers. 27 3 Prepare a Schedule of Accounts Receivable to prove the balance in accounts receivable. 19 Jan 20 23 25 26 28 29 30 Accounts Receivable Post. Date Ret. No. 112 Balance Credit Debit Credit Debit 31 32 33 34 35 36 37 38 39 Accounts Receivable-ABC Company Post. Debit 40 Date Credit Balance Debit Credit 41 Ref. 42 43 44 45 46 47 48 Accounts Receivable JKL Company Post. Date Debit Ref. Credit Balance Credit 49 Debit Credit 50 51 52 53 54 Problem 8.1 Problem 8.2 +